Here are the most important market events on the economic calendar this week, which will have a significant effect on the financial markets.
Fed Chair Yellen’s Speech
The Chairwoman of the Federal Reserve Ms. Janet Yellen is scheduled to give a speech regarding the central bank’s monetary policy and the US economic outlook. The speech will be held on Tuesday at the Economic Club of New York at 11:30 AM ET.
Eurozone’s Flash Inflation Figures for March
The eurozone will post flash March inflation figures on Thursday at 5:00 AM ET. The consensus estimate is that the report will indicate that there is a 0.1 percent drop in consumer prices, in comparison to a decline of 0.2 percent in the month of February. Meanwhile, it is predicted that core prices will edge up by 0.9 percent, climbing from a 0.8 percent rally.
US Non-Farm Payrolls Data
The Labor Department of the United States is due to report non-farm payrolls data for March on Friday at 8:30 AM ET. The consensus estimate is that the numbers will indicate jobs growth of 205,000 during the previous month, after a 242,000 increase in the month of February. Meanwhile, it is expected that the unemployment rate will remain steady at 4.9 percent, while the average hourly earnings are forecasted to surge 0.2 percent, after plunging 0.1 percent last month.
China Manufacturing PMIs
On Thursday, the China Federation of Logistics and Purchasing is set to report manufacturing sector activity data for March at 9:00 PM ET. This report is followed by the Caixin manufacturing index at 9:45 PM ET.
It is anticipated that the official manufacturing purchasing managers’ index will rise by 0.3 points to hit 49.3, while the Caixin index is forecasted to inch higher from 48.0 to 48.3.
US ISM manufacturing PMI Data
On Friday, the US Institute of Supply Management is scheduled to report data on manufacturing activity for March at 10:00 AM ET. The measure is predicted to climb 1.5 points to reach 51.0, signaling expansion in 4 months.Publication source